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Cash-Out Refinancing: How It Works, When To Do It

Savings Corner

While you can’t cash out all of your home’s equity, the process gives you access to a larger sum of money without needing to sell your home. You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs. That means you have $300,000 in equity.

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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

Key takeaways Home equity loans and HELOCs are both financing tools that allow you to borrow against your ownership stake in your home. Home equity lines of credit (HELOCs) and home equity loans are two similar finance tools — methods of borrowing money against the ownership stake you have in your home. Home equity loan: What is it?

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Anatomy of the Financially Savvy Brain- Part 4

Prairie Eco-Thrifter

This series will answer those very questions by looking at the seven main processes of the brain and how they effect our money management. Last week we looked at the third process, the Hippocampus. It is also responsible for processing concepts of motivation and reward. This week we are going to look at the Limbic System.

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How to Achieve Your Financial Goals (tips from the achievers)

Family Balance Sheet

They pay off mountains of debt and scream about debt freedom, or maybe they save gobs of money in a record amount of time, or they have considerable success with their new small business. I interviewed several personal finance bloggers that have conquered their past financial goals and continue to challenge themselves going forward.

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Carnival of Financial Planning – Money Management Edition #231

Prairie Eco-Thrifter

Wayne presents Purpose of Budgeting posted at Young Family Finance , saying, “Are you left wondering why you should budget? Justin presents Know the Common Mistakes with Your Personal Finances posted at Budget Snob , saying, “Many people make the same financial mistakes. ” Managing Debt.

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Buying A House In 2023: A Step-By-Step Guide

Savings Corner

Whatever the economic state of the real estate market, buying a house can be an exciting and emotional process. Check your credit score Your credit score will help you determine your financing options; lenders use it (among other factors) to set the terms and rates of your loan. Consider options backed by the federal government.

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Sustainable Living Traits To Pass On To Your Children

Prairie Eco-Thrifter

While your conversations and examples could encompass a wide spectrum of topics, there are many simple ideas that children can easily grasp and put into action. Stress the importance of saving and staying away from debt. Recycling is a simple and obvious practice that children can easily understand.

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